Medical Cannabis Payment Solutions (OTC: REFG) is positioned for gains in the marijuana industry as both a payment processor and hemp grower while cannabis continues to emerge as a mainstream industry. A growing number of U.S. states have legalized medical and recreational marijuana, and Canada recently approved its use throughout the country (http://cnw.fm/aC7cl).
REFG offers Green as a tier one digital payment system that processes payments safely and creates a non-cash environment for cannabis dispensaries and retailers. It is Financial Crimes Enforcement Network (FinCEN) complaint, available to the entire cannabis market and available for online signup. The company notes that the platform can handle all payments for a small business retailer (http://cnw.fm/8hHb1).
Medicinal marijuana is now legal in 31 states, plus D.C., and nine states and D.C. have legalized both medical and recreational marijuana (http://cnw.fm/hH7Ii). Canada recently made the plant legal nationwide, the second country to do so.
In addition to operating payment processor Green, REFG is directly involved in growing and processing hemp. REFG, a Nevada-based company, recently acquired SpeedyGrow, a Wyoming-based firm licensed to grow and process hemp in Colorado (http://cnw.fm/9A1uP). REFG has said that it intends to apply for state licenses to grow industrial hemp in Utah (http://cnw.fm/I4XNv) and Vermont (http://cnw.fm/VPpk5).
REFG’s Green enables merchants to complete their own financial transactions successfully by handling internal payments, such as accounts payable, vendor payments and any other invoices incurred by a small business. To the consumer, Green handles cryptocurrency payments. The customer or patient can also pay directly from a bank account without requiring cash.
For more information, visit the company’s website at www.Take.Green
More from CannabisNewsWire
About HempWire
HempWire (HW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) HempNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, HW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. HW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, HW brings its clients unparalleled visibility, recognition and brand awareness. HW is where news, content and information converge.
To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.hempwire.com
Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.hempwire.com/disclaimer/
HempWire (HW)
Denver, Colorado
www.hempwire.com
303.498.7722 Office
Editor@HempWire.net
Legislators in states across the country are working towards strictly regulating and/or banning intoxicating hemp…
A proposal introduced by Sen. Colleen Burton that would ban delta-8 THC hemp products is…
California recently extended a ban on intoxicating hemp products with THC that was set to…
A new poll has determined that frequent consumers of marijuana like using delivery platforms to…
The demand for plant-based proteins has increased in the last couple of years as consumer…
The CBD market in the United Kingdom has grown since the compound’s extracts were designated…